Valmet revises upwards its net sales guidance for 2019 due to the acquisition of GL&V

Valmet announced the acquisition of GL&V, a global provider of technology and services to the pulp and paper industry, by press release on February 26, 2019. Following the acquisition, Valmet revises upwards its net sales guidance for 2019. The new guidance is subject to the completion of the acquisition, which is estimated to take place on April 1, 2019 at the earliest.

New guidance for 2019 :

Valmet estimates that net sales in 2019 will increase in comparison with 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million). The guidance is subject to the completion of the acquisition of GL&V.

Previous guidance for 2019 (as announced in the Financial Statements Review 2018 on February 7, 2019) :

Valmet estimates that net sales in 2019 will remain at the same level as in 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million).